Green Steel Taxonomy: India takes significant strides towards cleaner steel industry

Source: BigMint Jan 20, 2025 08:30

Calculation relies on carbon credit trading methodology under both systems. Finished steel is denominator in star ratings, crude steel for carbon credit trading.

The Ministry of Steel, Government of India, recently unveiled the Taxonomy of Green Steel which is reportedly the first of its kind in the world, where steel produced in the country must conform to certain standards to be classified as environment-friendly. Its relevance is immense in today's world since it